Form 4: Cullen/Frost Bankers Executive Jimmy Stead Acquires Restricted Stock Units
SEC Form 4 Filing
Jimmy Stead, GEVP Chief Consumer Banking at Cullen/Frost Bankers, acquired 4,727 restricted stock units on October 29, 2024, which cliff vest in three years.
Summary
- Jimmy Stead, a GEVP Chief Consumer Banking at Cullen/Frost Bankers, acquired 4,727 restricted stock units on October 29, 2024.
- Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
- The restricted stock units cliff vest three years from the date of grant.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of executive compensation.
Positives
- The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
Future Outlook
Not applicable as this is a report of a past transaction.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of restricted stock units aligns the executive's interests with those of the shareholders, potentially incentivizing performance.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of transaction: Jimmy Stead acquired 4,727 restricted stock units. |
| 10/31/2024 | Date of Form 4 filing. |
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